The Community Development Financial Institutions (CDFI) Fund has announced the opening of the 2011 New Markets Tax Credit funding round. On June 6, the CDFI Fund released the official Notice of Allocation Availability (NOAA), which provides details on how an entity may apply to receive an allocation of NMTCs, the competitive procedure through which NMTC Allocations will be made, and the actions that will be taken to ensure that proper allocations
are made to appropriate entities. The application deadline is July 27.
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